(Z18) Nov 15 Highs Still Mark..........>

SCHATZ TECHS: (Z18) Nov 15 Highs Still Mark Resistance

*RES 4: 112.080 High Aug 13,15,17 (continuation chart) 

*RES 3: 112.050 Double bottom target (continuation chart) 

*RES 2: 112.035 High Oct 26 

*RES 1: 112.030 High Nov 15 

*PREVIOUS CLOSE: 111.985 

*SUP 1: 111.940 Low Nov 26 

*SUP 2: 111.885 Low Nov 8 

*SUP 3: 111.888 55-dma 

*SUP 4: 111.745 Low Oct 11 

DEC 18 Schatz futures pushed higher yesterday but remain below the Nov 15 high

keeping the outlook neutral for now. With up trendline support from the Oct lows

giving way, bulls have a tough task to reignite the uptrend, which would require

a break above 112.030. On the downside, a break below Monday's low at 111.940

would target the Nov 8 low and 55-dma at 111.885/8.